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India Infoline Housing Finance Limited NCD (India Infoline Housing Finance NCD) Detail

Dec 12, 2013 - Dec 18, 2013
India Infoline Housing Finance Limited Logo

IIFL Housing Finance Ltd (IIHFL), a wholly owned subsidiary of India Infoline Finance Ltd (IIFL) is engaged in the business of housing finance institution. They offer housing loans and Loans against property. Company's lending products include Mortgage Loans, which includes Retail Mortgage Loans and Corporate Mortgage Loans. Housing Loans includes finance for purchase of flats, construction of houses, extension and for improvement in the flats/homes and for acquiring plots of land (which are intended to be used for construction of houses). LAP is availed for, working
capital requirements, for business use or acquisition of new property and for financing construction projects.

Offerings

IIHFL is launching its maiden Home Bond offer on 12.12.13. This is the fourth offer from IIFL group in last three years and all its previous offers met with overwhelming response from investors and were closed earlier than the scheduled closures. This offer instrument is branded as Home Bonds by the company.

IIFL Housing Finance is offering a NCD having face value of Rs. 1000 each with a coupon rate of 11.52% p.a. payable monthly and having tenure of five years. As these NCDs will be listed on BSE and NSE it will provide liquidity at the discretion of the bond holder for early exit.

As these bonds are offering 11.52% p.a. with monthly interest payment, it amounts to annualized yield of 12.15%. Minimum application size is for 10 bonds i.e. Rs. 10000 and in multiples of Rs. 1000 (i.e. 1 bond) thereafter. This offer is made on “First-cum-First-Served” basis and the offer is for Rs. 250 crore with a green shoe option of retaining another Rs. 250 crore in case of oversubscription and thus the overall size of the offer is Rs. 500 crore.

The NCDs proposed to be issued under the issue have been rated “CRISIL AA-/Stable” by CRISIL and “CARE AA-“ by CARE indicating that these instrument have a high degree of safety regarding timely servicing of the financial obligations. The offer that opens on 12.12.13 will close on or before 20.12.13 based on response.

IIHFL has started its operations in 2009 and has posted above 95% and 92% CAGR in top and bottom-line in past three fiscals. The company is mainly engaged in home finance business and having its spread in tire-II and tire III cities and has back up of IIFL’s infrastructure spreading over 800 cities across India. The company is offering 11.52% interest on application money from the date of realization and thus, the offer brings rewards from day one. The company will not deduct TDS from the interest payments and thus it will provide better yields to investors.

India Infoline Housing Finance NCD Detail

Issue Open Dec 12, 2013 - Dec 18, 2013
Security Name India Infoline Housing Finance Limited
Security Type
Issue Size (Base) Rs 250.00 Crores
Issue Size (Shelf) Rs [.] Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 10 NCD
Listing At BSE, NSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

Objects of the Issue

The funds raised through this issue will be utilized:

1. for the financing activities including lending and investments, subject to applicable statutory and/or regulatory requirements;
2. to repay their existing loans and
3. business operations including capital expenditure and working capital requirements.

India Infoline Housing Finance NCD Prospectus

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Company Contact Information

India Infoline Housing Finance Limited
12A-10, 13th floor, Parinee Crescenzo,
C-38 & 39, 9, G-Block, ,Bandra Kurla Complex,
Bandra (East), Mumbai-400051

Phone: +91 22 6788 1000
Email: nirav.s@indiainfoline.com
Website: http://www.iihfl.com

India Infoline Housing Finance NCD Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: iihfl.ncd@linkintime.co.in
Website: https://linkintime.co.in/

India Infoline Housing Finance NCD Lead Manager(s)


1 Comments

1. Anil Vithal Palekar  Jan 25, 2017 6:20:58 PM
I have invested some amount in NCDs. My beneficiary A/C No.is 1204470006830508. I have invested Rs.572000.00 on 27/12/2013 vide allotment advise No.30100154387.
Rs.127000.00 on 30/09/2013 vide allotment advise No. 40100282271. Rs.550000 on 03/04/2014 vide allotment advise No. 301000000962785. I would like to know the present position of these investments.